Cost & Fees
Please refer to Item 7 of our Franchise Disclosure Document for a complete overview of our costs and fees pertaining to owning a FITOPIA Franchise
| TYPE OF EXPENDITURE | LOW AMOUNT | HIGH AMOUNT | METHOD OF PAYMENT | WHEN DUE | TO WHOM PAYMENT IS MADE |
|---|---|---|---|---|---|
| Initial Franchise Fee2 | $50,000 | $50,000 | Lump-sum via Check or Wire | Upon Signing the Franchise Agreement | Franchisor |
| Startup Package3 | $30,000 | $52,500 | Lump-sum via Check or Wire | Before Beginning Operations | Franchisor |
|
Technology Fee (3 months)4 |
$3,000 | $3,000 | EFT | Monthly after opening | Franchisor |
| Leasehold Improvements5 | $50,000 | $125,000 | As incurred | Before Beginning Operations | Landlord or Contractors |
| Rent (3 months)6 | $9,000 | $24,000 | As incurred | Before Beginning Operations | Landlord |
| Utility Deposits7 | $100 | $1,000 | As incurred | Before Beginning Operations | Utilities |
| Furniture & Fixtures8 | $2,000 | $4,000 | As incurred | Before Beginning Operations | Suppliers |
| Fitness Equipment9 | $4,750 | $9,500 | As incurred | Before Beginning Operations | Suppliers |
| Business Insurance10 | $2,000 | $6,000 | As incurred | Before Beginning Operations | Insurance Companies |
| Signage11 | $4,000 | $12,000 | As incurred | Before Beginning Operations | Vendors |
| Office & Cleaning Supplies13 | $4,000 | $5,000 | As incurred | Before Beginning Operations | Vendors |
| Business Management & Technology System14 | $2,500 | $3,200 | As incurred | Before Beginning Operations | Suppliers |
| Travel to Initial Training15 | $500 | $4,000 | As incurred | Before Beginning Operations | Airlines, Hotels, and other Vendors |
| Licenses & Permits16 | $100 | $1,000 | As incurred | Before Beginning Operations | Licensing Authorities |
| Legal & Accounting17 | $2,500 | $5,000 | As incurred | Before Beginning Operations | Attorney, Accountant |
| Pre-Opening and Grand Opening Advertising18 | $7,000 | $15,000 | As incurred | Before opening and during the first 3 months of operation | Vendors |
| Additional Funds – 3 months19 | $15,000 | $30,000 | As incurred | As Necessary | Us, Vendors, Landlord, Etc. |
| Total21 | $186,450 | $350,200 |